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GLOBAL BIO-CHEM: Interim Report 2024
Global bio-chem (00809.HK) saw a significant increase in comprehensive earnings of about 91.7% to approximately HKD 0.8985 billion during the first half of the year.
On August 20, Gelonghui announced that Global Bio-Chem (00809.HK) is committed to maximizing the production capacity of its amino acid business facilities and launching a series of high value-added amino acid products to expand sales in the first half of 2024. As a result, the group's comprehensive income for the period increased significantly by about 91.7% to approximately HKD 898,500,000. At the same time, the average purchase price of corn fell by 18.0% and the total average production cost per unit decreased by 18.6%. In addition, with a stable market price for lysine products, the group recorded a gross profit for the period.
Express News | Global Bio-Chem Technology - Hy Loss Attributable HK$157.7 Mln
Express News | Global Bio-Chem Technology - Hy Revenue From Cont Ops HK$898.5 Mln Vs HK$468.8 Mln
GLOBAL BIO-CHEM: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2024
Global Bio-Chem Technology (00809.HK): Changchun Dahua and Modern Agriculture Fund have terminated their agreement.
Global Bio-chem Technology (00809.HK) announced that the Changchun Dahe boiler facilities refurbishment project has been further reviewed and inspected by the People's Government of Changchun City, China, with reference to the total coal consumption indicators. The board of directors has been informed by the local government that the boiler facilities, as the target of the refurbishment project, should be scaled down to comply with relevant coal consumption indicators. Considering the need for time to negotiate the terms and conditions of adjusting the scale of the refurbishment project and any new energy management contracts to be concluded, on August 19th, 2024, Changchun Dahe and Modern Agriculture Fund after careful consideration have entered into a termination agreement, which will be effective upon signing.
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